Republic Services, Inc.

RSG
Sector

Industrials

Industry

Waste Management

Market Cap

$63.71B

Employees

41K

Company Overview

Republic Services, Inc. is one of the largest providers of environmental services in the United States and Canada. The company's core business model revolves around collecting, recycling, and disposing of waste materials, including solid, industrial, and hazardous waste. They operate through a vertically integrated platform with a strong geographic presence across North America, focusing on sustainable solutions and leveraging their digital capabilities to enhance customer experience.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

The company's revenue increased by 10.8% year-over-year, reaching $14,964.5 million, primarily due to a 6.1% increase in average yield, a 4.8% contribution from acquisitions and a 0.5% increase in volume. However, recycling processing and commodity sales decreased revenue by 0.5% and fuel recovery fees decreased by 0.2%.

Operating income increased to $2,780.2 million, up from $2,391.7 million in the prior year, reflecting improved profitability. However, the company also incurred $33.2 million in restructuring charges.

Net income attributable to Republic Services, Inc. increased to $1,731.0 million, up from $1,487.6 million in the prior year. Diluted earnings per share was $5.47 compared to $4.69 in 2022. This is despite a $4.5 million charge related to a withdrawal from a multiemployer pension fund.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG Initiatives

3 Insights

Market Environment

3 Insights